Link’s solutions can help small to midsize companies follow the large corporations’ lead
If you’re attuned to this subject, like we are at Link Investment Management, you know that there’s a looming crisis in the financial wellness space:
- For starters, more than half of employees in a recent PricewaterhouseCoopers poll say they’re stressed about their finances;
- Retirement age appears to be climbing;
- And a workplace savings program is important to employees’ faith in their financial future.
Some of this research comes from Canada, some of it from the United States, but the point is crystal clear on either side of the border—the next frontier in workplace wellness is financial in nature.
Meeting the challenge head-on
During a recent workplace financial wellness conference, the managing director of financial advisory firm Oswald Financial told his audience: “The rush is on. Ninety percent of larger companies intend to increase their focus on financial wellness.”
Smaller and midsize companies are expected to follow that lead. In a big way. And in Alberta, Link Investment Management is your go-to leader on that important financial journey.
Link Investment Management offers cutting-edge workplace financial wellness programs that challenge the norm, take the long view, embrace fee transparency, assume the administrative burden, and create benefits for both employer and employee.
Agnostic approach, optimal package
Link Investment Management uses an agnostic approach when it comes to workplace financial wellness vehicles. The products we offer have no limitations on brand or provider, as our competitors do, and they can be packaged up in a variety of ways:
- The LINK Multi Employer Pension Plan, a disciplined savings and retirement vehicle that can help you look after your people and become an employer of choice;
- A group RRSP (GRRSP) program, which can help employees save on the cost of establishing a registered program; or
- The addition of a group TFSA (GTFSA) program as a secondary, short-term savings vehicle, which when combined with our ALPP or GRRSP, can help counter liquidity issues.
Through Link Investment Management’s cloud-based proprietary platform, we determine each employee’s personal risk capacity, financial situation and investment objectives, and then generate tailor-made investment portfolios consisting of low-cost exchange traded funds (ETFs).
The fee fracas: Link’s total transparency
It’s been demonstrated time and again that fees have a profound impact on the future value of a portfolio. Link Investment Management charges about 1% to professionally manage each of your employee’s assets. Traditional providers have charged as much as 3%, depending on investment choices and size of plan, in the face of a changing landscape that is seeing greater demands for fee schedule transparency.
Performing your fiduciary duty
For many small to midsize business like yours, your strength is your people. You want to do right by them. You want to make sure that you’re setting them up for success. And programs like the LINK Multi Employer Pension Plan are the perfect vehicle to demonstrate your commitment.
Contact Link Investment Management today for a closer look at our financial wellness benefit plans—and to get your workforce on the road to a more comfortable retirement.
